What Makes the Managerial Task of Executing Strategy So Challenging

question 72

Multiple Choice

What makes the managerial task of executing strategy so challenging and demanding is:

• A) the trial-and-error experimentation that is required to come up with a workable organizational structure.
• B) the people-management skills required,the resistance to change that has to be overcome,and the perseverance necessary to get a variety of initiatives launched and kept moving along.
• C) the time and effort it takes to build core competencies.
• D) the time,training,and creative effort it takes to empower employees and teach them responsible decision making.
• E) the supervisory requirements associated with getting company personnel to do things the right way.

---

Definitions:

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, measured in terms of the amount of finished goods those partial items represent.

Weighted Average Method

A cost accounting method that calculates the cost per unit of inventory by considering the weight of each period’s inventory cost.

Weighted Average Method

An inventory costing method that assigns an average cost to each unit in inventory, calculated by dividing the total cost of goods available by the total units available.

Equivalent Units

A term used in cost accounting to represent a partial completion of a product, measured in units of a fully completed product.